If you are paying over 8% on your existing credit card balance, this information will save you a lot of money that you do not have to pay.

There is a little-known credit union that will let you roll over your existing credit card balance for 2.99% per year, locked in. That means you will not get hit with higher fees.

Anyone can join this credit union: Pentagon Federal Credit Union. Even if you are not employed by the military, you can join the National Military Family Association. This costs $20 per year. Find out more here.

PenFed lets to pay a locked-in 2.99% on balance fees transferred from your present card. There is a 2.5% transfer fee initially.

Your existing card company may penalize you for doing this. It can drop your credit limit. It can argue that you now have another card. This lower credit limit could lead to a reduction in your credit score.

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You must stop using credit cards if you do not pay off 100% of your monthly statement every month. Use a debit card instead.

If you have debts on one or more credit cards, find out what interest rate you pay. Then find cards that have lower rates. Switch your debts from high-interest cards to a low-interest card. The best deal I know about is the card that lets you transfer your existing balance for 2.5% and then locks in your rate at 2.99% until you pay it off.